Fiem Industries Ltd. Q2FY23 Results| Fiem Industries Ltd Stock Analysis | CHOICE

Описание: Fiem Industries Limited (FIEM) reported strong performance on all fronts. Revenue came at Rs 5.25bn highest ever led by healthy offtake by 2W & PV coupled with new client addition.

The Q2 growth was primarily driven by strong festive sales, a good monsoon, strong EV sales, and positive consumer sentiment. Management is optimistic about the industry due to the easing of commodity prices and also semiconductor availability should help the industry to achieve good growth in the future.

We maintain OUTPERFORM rating with a Target Price of Rs. 2,155

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